China's Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities by authorities and the country's overall tightening of financial technology regulations.
The Federal Communications Commission (FCC) on Friday designated five Chinese companies as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks.
Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker's bankruptcy proceedings, four people familiar with the matter said.
On a chilly spring morning in 2019, Amrit Mula arrived in her office at pharmaceutical giant Eli Lilly and Co's factory in Branchburg, New Jersey, to find a desk drawer open that she had kept locked. Her files were missing.
GameStop ended 7.3% higher on Wednesday after wild gyrations in the resurgent rally that has vaulted shares of the video game retailer and other so-called meme stocks closer to the peaks of late January.
Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed on Wednesday, the second anniversary of the second crash.
Warren Buffett's fortune reached $100 billion on Wednesday, as investors drove the stock price for his company Berkshire Hathaway Inc to a record level.
When Irishman Aengus Kelly got his first job in aircraft leasing in 1996 it was with a firm so down on its luck the American giant General Electric had an option to buy it for one dollar.
A gauge of global stocks headed for its biggest one-day percentage climb in a week on Tuesday as a fall in U.S. Treasury yields eased concerns the economic recovery could overheat and lead to stronger-than-expected inflation.
Technology-related shares sold off on Monday in a big downturn that pushed the Nasdaq into a correction and offset stocks that rose on hopes the $1.9 trillion COVID-19 relief bill will spur the U.S. economic recovery.
Wall Street ended sharply higher after a volatile session on Friday, with the Nasdaq rebounding at the end of a week that saw it extend losses to about 10% from its previous record high.
The dollar jumped on Friday after data showed jobs growth beat expectations in February, backing up the view of Federal Reserve officials who have said that a recent rise in U.S. government bond yields is justified by an improving economic outlook.
Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes.
The U.S. Senate voted on Thursday to take up President Joe Biden's $1.9 trillion coronavirus aid bill, but put off the start of a contentious debate until the full text of the 628-page bill is read aloud.
G20 major economies have agreed to raise International Monetary Fund reserves with a new allocation of the fund's own special drawing rights (SDRs) currency, the IMF's head said on Tuesday, in a potential boost for lending to poor countries.
